Estate agency expands with acquisition of rival firm

Wilson Browne (left) and Struan Douglas

Coulters has completed the strategic acquisition of solicitor and estate agent Purdie & Co, as part of its plans to increase market share and boost revenue growth.

The deal will see four members of staff at Purdie & Co, including the firm’s partner Struan Douglas, join the Edinburgh-based estate agency.

Douglas, who has been in charge of Purdie & Co since 1998, will, along with his team, work closely with Coulters’ legal partner Wilson Browne.

Following the launch of its North Berwick property hub at the end of 2021, the merger is the latest step in Coulters executive chairman Mike Fitzgerald’s plans to add 2% market share and 25% revenue growth over the next two years.

Fitzgerald said: “We’ve seen a particularly strong property market in Edinburgh over the last year with lots of buoyancy as people consider moves across the city to different areas and different types of homes.”

Douglas, who has been in charge of Purdie & Co since 1998, commented: “Coming together with the well-respected team at Coulters presented an unmissable opportunity in the thriving Scottish property market for Purdie & Co.”

In addition to the Purdie & Co merger, Coulters has created half dozen roles in recent months across estate agency, legal and marketing.

This year will also see a new West End head office for Coulters as the business moves from its current Edinburgh Park location, with further city locations in the works.

The team is encouraged to adopt a hybrid approach to work location, with property hubs in North Berwick and Stockbridge available as well as the ability to work from home.

 

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